Sep 24, 2012 11:00am EDT
, private sector contracts, food safety. they will have to squeeze money out of all of those areas, fbi, fema. food assistance, education grants. they will be taking a hatchet and just cutting programs so that they can abide by the law, the law to cut all of these costs. >> those look like the obvious big chunks. when you go to another chunk and that is research and development. can you sort of outline for me what sort of a tipping point is that? >> so a lot of people who follow science and innovation are concerned. if we are going to lead into the next century we have to maintain our innovative edge. the fiscal cliff will mean big cuts to federally funded research. and this is the way one of the industry groups has looked at this. 200,000 job cuts by next year. the cost of gdp could be $860 billion. so what does that mean? how much is that? if you look at the low end of estimates for what the economy will be hurt, how badly hurt by just cuts it is six months of new vehicle perches, two years of airline travel, six years of professional sporting events. that is the impact it would have.
Sep 24, 2012 9:00am EDT
. robert levinsohn has not been seen since march of 2007 when the retired fbi agent was on a business trip. his wife says ahmadinejad can help keep the search alive. >>> in california a high school has been turned into an evacuation center as a large wildfire burns near the border. the wildfire has destroyed four structures. mandatory evacuations in place. >>> break out the peanuts and pretzels. a beer truck overturned in san antonio. police say the truck driver took the exit too fast and spilled some of the nearly 8,000 beer cans it was carrying. the ramps were shut down for several hours. >>> now is your chance to talk back. the question for you this morning. should the united nations impose limits on the iranian leader's speech. mahmoud ahmadinejad was told to cool it, in other words, tone down his rhetoric this week after an iranian general was quoted as saying iran could launch a preemptive strike against israel. >> translator: of course, the zionists are very adventuresome, very much seeking to fabricate things and i think they see themselves at the end of the line. and i do firmly b